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Walgreens to close 150 stores across the U.S. as pharmacy chain faces 'emerging challenges'

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Store closings are just some of the company's cost-saving measures, which come as Walgreens reported net income of $118 million, about 59% below the previous year, and failed to meet earnings expectations. The closings are to occur before May 2024.

Pharmacy chain Walgreens plans to close 150 of its locations in the U.S. and 300 more in the United Kingdom.

The company has not announced which locations will be closed and did not immediately respond to a request for comment from USA TODAY. The closings are expected to occur before the end of Walgreens' 2024 fiscal year in May 2024. Walgreens also lowered its earning expectations for the full fiscal year. But the company expects to have saved $3.3 billion by the end of 2023 and another $800,000 in 2024, Kehoe said, according to a transcript of the earnings call from S&P Global Market Intelligence.Family can sue Walgreens for 260 opioids given former Dublin football player, court rules

 

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